KUALA LUMPUR: Over two million youths are expected to benefit from the soon-to-be-launched RM300mil e-Pemula programme, says Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pic).
The cashless transaction scheme for youths aged 18 to 20, as well as full-time students in higher learning institutions, will see RM150 credited on a one-off basis into their respective e-wallets.
Speaking at the virtual My Money & Me financial management workshop held in conjunction with Global Money Week 2022 on Sunday (March 27), Tengku Zafrul highlighted that Budget 2022 had allocated many funds and financing facilities specifically for youths.
"For example, if you are a young entrepreneur, there is the RM150mil Young Entrepreneur Financing Plan offered by Bank Simpanan Nasional and Agrobank.
"Additionally, since 2019, the government has been providing a RM900 allowance to students undergoing industrial training programmes to ease their financial burden,” he said.
He also took the opportunity to remind youths of the importance of practising sound financial management.
"To achieve financial well-being, you need to familiarise yourself with the concept of self-control and get acquainted with the world of investments, as well as takaful and insurance plans that will, to some extent, help ensure this," he added. – Bernama